Fabrinet (FN) Earnings: Q1 Fiscal 2027 Results and Next Report Date

The quarter ended September 25, 2026 and Fabrinet published the results on November 2, 2026. Revenue and diluted EPS are shown against Q1 fiscal 2026, the same quarter a year earlier, which takes seasonal swings out of the comparison. Fabrinet reports EPS two ways: GAAP, under the accounting rules every US filer follows, and non-GAAP, which leaves out items the company considers outside its operating results. The release reconciles the two, and when they diverge, the reconciliation says why.

• Beginning in Q4 fiscal 2026, Fabrinet reports revenue by data center, communications infrastructure, and automotive, industrial and other markets (previously optical and non-optical communications), and by ship-to location. Prior periods were recast.
• Fabrinet's fiscal year ends on the Friday in June closest to June 30. Q1 fiscal 2027 is the 13 weeks ended September 25, 2026.
• Q1 fiscal 2027 GAAP results include a $21.5 million write-down of non-marketable equity securities and a $19.9 million Pillar Two tax provision, both excluded from non-GAAP EPS.

Source: Fabrinet Q1 fiscal 2027 results, November 2, 2026. Also in the Form 10-Q for the quarter ended September 25, 2026. Figures as reported; checked against the release on November 10, 2026.

How Fabrinet splits revenue in its own release, under its own labels, for Q1 fiscal 2027 against Q1 fiscal 2026. Indented lines are parts of the line above them.

• Fabrinet's Data center revenue was $777 million in Q1 fiscal 2027, up 78% from $438 million in Q1 fiscal 2026, 53% of total revenue.
• Fabrinet's Communications infrastructure revenue was $444 million in Q1 fiscal 2027, up 35% from $330 million in Q1 fiscal 2026, 30% of total revenue.
• Fabrinet's Automotive, Industrial and Others revenue was $253 million in Q1 fiscal 2027, up 20% from $211 million in Q1 fiscal 2026, 17% of total revenue.

Segment lines are the figures writers cite most often, because they show where the growth in a quarter came from. Companies redraw their segments from time to time and restate the prior year to match, so a year-ago figure here can differ from the one printed a year ago. When that has happened, the note above says so.

From the earnings release

In its Q1 fiscal 2027 release, Fabrinet said:

“Fabrinet expects second quarter revenue to be in the range of $1.6 billion to $1.65 billion.”

“GAAP net income per diluted share is expected to be in the range of $3.81 to $3.96, based on approximately 36.2 million fully diluted shares outstanding.”

“Non-GAAP net income per diluted share is expected to be in the range of $4.77 to $4.92, based on approximately 36.2 million fully diluted shares outstanding.”

“Guidance for non-GAAP net income per diluted share excludes share-based compensation expenses and certain non-recurring items.”

Source: Fabrinet Q1 FY27 release, Nov 2, 2026.

This is the company's own guidance as of Nov 2, 2026, quoted as given. Walnut does not make forecasts of its own. Analyst estimates for the coming quarters are on the FN forecast page.

Revenue and diluted EPS for the last 5 quarters. Each date links to that quarter's release.

Revenue and GAAP diluted EPS, each as first reported in that quarter's release.

Fabrinet's next report is expected around February 1, 2027, a date estimated from its reporting history that the company has not yet confirmed. This page will show Q1 fiscal 2027 until those results are out and have been checked against the release.

Each quarter keeps its own page with the figures as reported, so a link to one stays pointed at the same numbers after the next report.

• Q1 fiscal 2027 (this page), reported Nov 2, 2026

Fabrinet is a contract manufacturer that builds optical and electronic products for other companies: transceivers, tunable lasers, switching products, active optical cables, industrial lasers and sensors. Revenue rose 50.8% to $1,474.5 million in Q1 fiscal 2027, from $978.1 million, which Fabrinet put down mainly to higher demand from key customers for data center and communications infrastructure products. (Fabrinet Q1 fiscal 2027 release, Nov 2, 2026; Fabrinet Form 10-Q, Q1 fiscal 2027, Nov 3, 2026)

Data center products are now more than half of revenue: $777.1 million, or 52.7%, up 77.6% from a year earlier, and up from 44.7% of revenue. Fabrinet's data center category covers data center interconnect, high-performance computing and other data center applications. Communications infrastructure, mostly telecommunications products, was $443.9 million (30.1%), up 34.7%. (Fabrinet Form 10-Q, Q1 fiscal 2027, Nov 3, 2026)

Automotive, industrial and other products, which include automotive components, industrial lasers, medical devices and sensors, brought in $253.4 million, or 17.2% of revenue, up 20.1%. (Fabrinet Form 10-Q, Q1 fiscal 2027, Nov 3, 2026)

Fabrinet's sales are concentrated. Three customers each contributed 10% or more of revenue in the quarter and together accounted for 46.7%, down from 51.5% a year earlier. Fabrinet also carries a warrant issued in March 2025 to an Amazon affiliate for up to 381,922 shares, vesting in tranches based on payments from Amazon under a commercial agreement. (Fabrinet Form 10-Q, Q1 fiscal 2027, Nov 3, 2026)

By ship-to location, 72.0% of Fabrinet's revenue went to Asia-Pacific and others (Thailand alone $807.5 million), 24.6% to North America and 3.4% to Europe. Fabrinet is building a new manufacturing building at its Chonburi campus under a contract of about $132.5 million, and capital spending was $158.7 million in the quarter. (Fabrinet Form 10-Q, Q1 fiscal 2027, Nov 3, 2026; Fabrinet Q1 fiscal 2027 release, Nov 2, 2026)

Fabrinet's GAAP diluted EPS was $2.86 in Q1 fiscal 2027, against $2.66, while non-GAAP EPS was $4.34, against $2.92. Two items account for most of the $1.48 gap: a $21.5 million revaluation loss on non-marketable equity securities ($0.59 a share) and a $19.9 million tax provision related to Pillar Two ($0.55). Share-based compensation added $0.31. (Fabrinet Q1 fiscal 2027 release, Nov 2, 2026)

Fabrinet's effective tax rate rose to 20.1% from 5.4%, mainly because of top-up taxes under the OECD's Pillar Two global minimum tax rules. Fabrinet is incorporated in a jurisdiction that has not adopted Pillar Two, but the rules apply in countries where it operates. (Fabrinet Form 10-Q, Q1 fiscal 2027, Nov 3, 2026)

GAAP gross margin was 11.8%, against 11.9%, and GAAP operating margin was 9.9%, against 9.6%. Diluted shares were 36.2 million against 36.1 million, and Fabrinet repurchased $29.1 million of shares in the quarter and added $103.0 million to its buyback authorization, bringing it to $637.3 million. (Fabrinet Q1 fiscal 2027 release, Nov 2, 2026)

Diluted EPS divides net income by the weighted average number of shares outstanding in the quarter, plus the shares that options and other equity awards could add. Buybacks shrink that count and lift EPS for the same profit; share issuance and stock awards enlarge it.

Fabrinet gives a one-quarter outlook in each release. For Q2 fiscal 2027, the quarter ending December 25, 2026, it expects revenue of $1.6 billion to $1.65 billion, GAAP EPS of $3.81 to $3.96 and non-GAAP EPS of $4.77 to $4.92, each on about 36.2 million diluted shares. (Fabrinet Q1 fiscal 2027 release, Nov 2, 2026)

The gap between the two EPS ranges is $0.96 a share, of which Fabrinet attributes $0.60 to the Pillar Two tax provision and $0.36 to share-based compensation. Q1 fiscal 2027 revenue came in above Fabrinet's own guidance range, according to the release. (Fabrinet Q1 fiscal 2027 release, Nov 2, 2026)

A consensus figure is the average of the models published by the analysts who cover Fabrinet, collected by a data provider and revised up to the day of the report. A quarter that lands above it says how expectations were set as much as how the business did, and the share price on the day also reflects the guidance and the lines no consensus covers.

The consensus figures on this page are Yahoo Finance's, as pulled on the date shown. Each comes with the number of analysts behind it; the smaller that number, the more one revised estimate can move the average.

The figures below are the ones Fabrinet's own release and filings put weight on for Q1 fiscal 2027, with the latest reported value for each.

What the quarter means for a holding is a separate question from what it reported. The case for and against owning FN is on is FN a buy or a sell?, what analysts expect next is on the FN forecast, and what the company does is on the Fabrinet (FN) stock page.

Every number on this page can be traced to a document Fabrinet published. Checking one takes a couple of minutes, and it is worth doing before you quote a figure anywhere.

• The results release is the document linked in the source line above. Companies publish it on their investor relations site at the moment results go out, and it carries the headline tables: revenue, operating income, net income and EPS for the quarter and the year-ago quarter.
• The same release is filed with the SEC as Exhibit 99.1 to a Form 8-K under Item 2.02, usually on the day of the report. The SEC copy does not change after the fact, which makes it the safer thing to link when you cite a number.
• The quarterly report (Form 10-Q) follows within a few weeks and carries the full financial statements, the segment note and management's discussion of what changed. The fourth quarter is covered by the annual report (Form 10-K) instead.
• Restated comparisons are flagged in the notes on this page. When a company redraws its segments or changes how it adjusts EPS, it restates the year-ago column, so the year-ago figure in a new release can differ from the one printed a year ago. This page always uses the comparison in the newer release, because that is the like-for-like one.

A walk-through of every line in a release, with what each one tells you, is in how to read an earnings report.